ES Journal - 2012

[ammo]

LC,i dont get ya

 

[bigsnack]

Quote from bigsnack:

I'm aiming for a full 3 points to 10.50's.

Target hit in AH. Well it looks like we have a couple of ledges above us, so definite resistance within a tight range. Ultimately the real deal resistance to me seems to be around 21.50's.

 

[Lawrence Chan]

Quote from ammo:

LC,i dont get ya

No matter how high ES tries to go now, 05 will be in play either tonight, or sometime RTH tomorrow.

 

[ammo]

thanks,proprietary pivot point or explainable

 

[Lawrence Chan]

Quote from ammo:

thanks,proprietary pivot point or explainable

Plain simple RTH only PP

 

[Rickshaw Man]

Index futures are up big overnight...SHOCKER!

 

[bigsnack]

Quote from Rickshaw Man:

Index futures are up big overnight...SHOCKER!

LOL! I love the conviction man. You do tend to be pretty quiet on the days where the market gaps down and then falls from the open. What is your trade management approach for those types of days? Do you have a max stop loss in the event that the market just gaps and goes?

 

[Macho]

Quote from chaykapwr:

Break means exactly what it states, break. Odds favor a move to 18 now. I am usually not wrong when i state this, i believe you have experience with this

That was a great call!! I hope you traded it.

 

[Macho]

Sold 1 @ 131500 another on at 131825

Stop 144'01

 

[NoDoji]

This just in (for you long term swingers):

MarketWatch (Dow Jones): The long-anticipated bullish "golden cross" has finally appeared for the S&P 500, with the 50-day moving average coming in today at 1257.80 and 200-day MA at 1257.19, according to FactSet data...significant further gains have followed the last seven golden crosses in the S&P 500, during the past 13 years.